SLM Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component SLM (NASDAQ:SLM) will unveil its latest earnings on Wednesday, July 18, 2012. SLM originates, services and collects student loans. It provides funding, delivery and servicing support for education loans in the United States.

SLM Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 54 cents per share, a rise of 12.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 53 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 54 cents during the last month. Analysts are projecting profit to rise by 18.6% versus last year to $2.17.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 55 cents per share, and the previous quarter, it had net income of 51 cents.

A Look Back: In the first quarter, profit fell 35.9% to $112 million (21 cents a share) from $174.7 million (32 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 9.2% to $1.28 billion from $1.41 billion.

Wall St. Revenue Expectations: Analysts are projecting a decline of 4.8% in revenue from the year-earlier quarter to $724.8 million.

Analyst Ratings: With five analysts rating the stock a buy, none rating it a sell and one rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 18.5% in the the fourth quarter of the last fiscal year after dropping in the first quarter.